Shares of Discount Print USA (OTCMKTS:DPUI) have been moving within a narrow range over the past few sessions. Here are the latest developments from the company.
On Monday, DPUI stock ended flat at $0.11 with 5K shares, compared to its average volume of 1.7K shares. The stock moved within a range of $0.1100 – 0.1100 after opening trade at $0.11.
About The Company
A commercial printing management tech company offering low-priced printing services to a large number of individuals and businesses, Discount Print USA (OTCMKTS:DPUI), provides low-priced printing services to a large number of individuals as well as businesses. Discount Price USA provides online, demand, digital as well as offset printing services through a website geared towards major cities. Headquartered in Las Vegas, Nevada, Discount Print USA, Inc. has developed a division specializing in convention participants with printing services.
Discount Print USA Announces Their Qualification of a Regulation A+ Public Stock Offering
Discount Print USA Inc on June 13, 2022, announced being qualified by the Securities and Exchange Commission for listing as an exempt public stock offering harnessing the Regulation A+ Tier 2 framework. Interested investors can visit its Investor Relations Page for information and commence the investment process.
Ronald Miller, President of Discount Print USA said that the recently announced increase in the quarterly revenues combined with fresh initiatives enables it to move ahead with the Regulation A+ offering. This will enable investors to invest in Discount Print USA at the early stage of the firm. Miller added that the net proceeds of the offering will be harnessed for accelerating the development and expansion of the business.
The Public Offering is a significant event for the Discount Print USA and enables any individual 18 years or older to invest directly in DPUI by buying freely tradable common stock.
Miller also said that the reason to choose this type of public offering is that the company values its relationships with prospective customers, vendors, and partners. The firm added that it strives for a deeper connection where financial interests are aligned, and they should be entitled to own stock and participate in potential wealth creation in the long run.
Ronald Miller, President of Discount Print USA, stated, “With the recently announced increase in our quarterly revenues, combined with new business initiatives we have successfully launched, I am pleased to move forward with this Regulation A+ offering which allows investors to invest in Discount Print USA at this early stage of our company. The net proceeds of the offering will be used to accelerate the development and expansion of our business.”
The company had earlier announced its financial results for quarter two ending December 31, 2021. While the net sales for three months were $68 thousand, its gross margins were $29 thousand vis-à-vis $4 thousand in the same period in 2020.
Miller said that the quarter was good for the company and a robust beginning to the first half of the fiscal year. He added that though the covid pandemic continues to cause disruptions in the supply chain, the company has been able to augment sales due to the marketing and sales initiatives. Miller further stated that the firm has resumed operations and has been working on providing products to customers.